As the world strives to cut carbon emissions, electric power from renewables has emerged as a vital energy source. Yet transport and industry will still require combustible fuels for many purposes. Such needs could be met with hydrogen, which itself can be produced using renewable power.

A task force constituted by Niti Aayog in a report titled Action Plan for Clean Fuel said that taxation and pricing strategy is needed to provide impetus to cleaner fuels and discouraging the use of polluting ones. Lower taxes on the cleaner fuels are sought and for the purpose, GST can create a level playing field in the country, it said.

Industrial restructuring and diversification of energy demand are accelerating in the People’s Republic of China (hereafter, “China”). In addition, driven by resource and environmental constraints, as well as pressure to reduce carbon emissions, China’s primary energy consumption structure is expected to shift in coming decades.